Brokerages predict that Urban Outfitters (NASDAQ:URBN) will report $977.05 million in sales for the current fiscal quarter, according to Zacks. Ten analysts have issued estimates for Urban Outfitters’ earnings, with estimates ranging from $957.80 million to $990.20 million. Urban Outfitters posted sales of $872.93 million in the same quarter last year, which suggests a positive year over year growth rate of 11.9%. The business is scheduled to report its next earnings results on Tuesday, August 21st.
According to Zacks, analysts expect that Urban Outfitters will report full-year sales of $3.92 billion for the current fiscal year, with estimates ranging from $3.87 billion to $3.96 billion. For the next fiscal year, analysts expect that the business will report sales of $4.07 billion per share, with estimates ranging from $4.01 billion to $4.13 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Urban Outfitters.
Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Tuesday, May 22nd. The apparel retailer reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.08. Urban Outfitters had a net margin of 3.71% and a return on equity of 16.13%. The business had revenue of $855.70 million during the quarter, compared to the consensus estimate of $837.79 million. During the same quarter in the prior year, the firm earned $0.13 earnings per share. The business’s quarterly revenue was up 12.4% compared to the same quarter last year.
URBN has been the subject of several recent research reports. Robert W. Baird reiterated a “buy” rating and set a $42.00 target price (up previously from $39.00) on shares of Urban Outfitters in a research note on Wednesday, March 7th. Morgan Stanley increased their target price on shares of Urban Outfitters from $33.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 24th. B. Riley increased their target price on shares of Urban Outfitters from $37.00 to $42.00 and gave the stock a “neutral” rating in a research note on Thursday, May 24th. Wells Fargo & Co set a $45.00 target price on shares of Urban Outfitters and gave the stock a “market perform” rating in a research note on Wednesday, May 23rd. Finally, JPMorgan Chase & Co. increased their target price on shares of Urban Outfitters from $46.00 to $48.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the stock. Urban Outfitters presently has an average rating of “Hold” and an average target price of $40.96.
In other news, Director Robert H. Strouse sold 80,000 shares of Urban Outfitters stock in a transaction that occurred on Friday, May 25th. The shares were sold at an average price of $42.21, for a total transaction of $3,376,800.00. Following the completion of the sale, the director now directly owns 120,000 shares in the company, valued at approximately $5,065,200. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Trish Donnelly sold 10,311 shares of the firm’s stock in a transaction that occurred on Tuesday, April 10th. The stock was sold at an average price of $38.62, for a total transaction of $398,210.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 298,430 shares of company stock valued at $11,898,893. Insiders own 25.90% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd purchased a new position in shares of Urban Outfitters during the 1st quarter worth approximately $668,000. Allianz Asset Management GmbH purchased a new position in shares of Urban Outfitters during the 1st quarter worth approximately $265,000. Xact Kapitalforvaltning AB increased its stake in shares of Urban Outfitters by 49.0% during the 1st quarter. Xact Kapitalforvaltning AB now owns 11,553 shares of the apparel retailer’s stock worth $427,000 after purchasing an additional 3,800 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its stake in shares of Urban Outfitters by 183.4% during the 1st quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 59,800 shares of the apparel retailer’s stock worth $2,210,000 after purchasing an additional 38,700 shares in the last quarter. Finally, Millennium Management LLC increased its stake in shares of Urban Outfitters by 113.9% during the 1st quarter. Millennium Management LLC now owns 1,042,420 shares of the apparel retailer’s stock worth $38,528,000 after purchasing an additional 555,116 shares in the last quarter. 71.07% of the stock is owned by institutional investors and hedge funds.
Shares of URBN traded down $0.64 during mid-day trading on Friday, hitting $45.76. 1,273,200 shares of the company’s stock were exchanged, compared to its average volume of 2,434,711. Urban Outfitters has a fifty-two week low of $16.68 and a fifty-two week high of $48.24. The company has a market capitalization of $5.05 billion, a price-to-earnings ratio of 27.54, a price-to-earnings-growth ratio of 1.55 and a beta of 0.50.
Urban Outfitters Company Profile
Urban Outfitters, Inc, a lifestyle products and services company, engages in the retail and wholesale of general consumer products. The company retails women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28 under the Urban Outfitters brand; and women's casual apparel and accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty products for women aged 28 to 45 under the Anthropologie brand.
Get a free copy of the Zacks research report on Urban Outfitters (URBN)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Urban Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.